RE-solder USB? (Wire Alignment)

My USB connector got bent at a 45 degree angle. Plugging that in fried my old mobo. So I need to repair the usb connector.

Can I REpair the connection like this..?
I need to get a usb extension cord.. like 3 ft or somthing. Take apart my current broken end connector and solder the 4 wires that come off the usb onto the usb extension cord that i will also take apart...

Does that sound right,
Am I risking frying more things??
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A lot of usb wires are small...I mean REALLY small. Soldering those things nicely is annoying...I'd suggest you use something anchored to the outer insulation to protect against accidental pulls, depending on the wire size they may break really easily.

Yes, it will be very easy to fix, just 4 wires and if you know how to solder you should be set. Color codes are usually an industry standard. Make SURE to insulate ALL of the wires with good heat shrink. I would also reccomend coming out about a foot on the new section of cable, so your joints are not right at the usb plug. Keep it back a ways to prevent any bending problems.

I think you will also need to solder the outside chasis of the USB plug to ground. Im pretty certain USB also uses that as a sort of '5th wire'.
Have a look on the board where the plug was soldered on, if you see a track where the mounts are then you will need to do the above mentioned.